Barbados: Trade openness
* indicates monthly or quarterly data series
| Barbados |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 76.46 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1975 - 2022 |
| Average | 92.75 |
| Min - Max | 64.74 - 141.56 |
| Source | The World Bank |
The latest value from 2022 is 76.46 percent, an increase from 69.87 percent in 2021. In comparison, the world average is 98.96 percent, based on data from 161 countries. Historically, the average for Barbados from 1975 to 2022 is 92.75 percent. The minimum value, 64.74 percent, was reached in 2020 while the maximum of 141.56 percent was recorded in 1979.
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* indicates monthly or quarterly data series
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Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.62 | 2021 | percent |
| Trade openness | 76.46 | 2022 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 34.28 | 2022 | percent |
| Exports, billion dollars | 2.00 | 2022 | billion U.S. dollars |
| Imports, percent of GDP | 42.18 | 2022 | percent |
| Imports, billion dollars | 2.46 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.51 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.20 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 2.58 | 2017 | million dollars (current) |
| Current account, percent of GDP | -8.00 | 2023 | percent |
| Current account, in dollars | -0.30 | 2017 | billion U.S. dollars |
| Trade balance, percent of GDP | -8.09 | 2022 | percent |
| Trade balance, in dollars | 0.02 | 2017 | billion U.S. dollars |
| Reserves | 1.52 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 1.33 | 2023 | percent |
| Remittances | 85.18 | 2023 | million U.S. dollars |
| Net errors and omissions | -132.48 | 2017 | million USD |
| Foreign exchange reserves | 2.83 | 9/2023 | billion |